Market Research
PR Newswire | January 12, 2024
New Project Media (NPM), a rapidly growing renewable energy market data, intelligence, and events company, announced today its acquisition of Energy Rev, a London-based proprietary news service focused on renewable energy financing and M&A. The move will expand NPM's reach into Europe and provide a more comprehensive global offering to its development, finance, advisory & corporate clients.
Since 2019, NPM has seen rapid growth in the U.S. across its market research offerings and its successful conference series. Post acquisition, NPM's global footprint is expanding to 35 employees and boasting a management team with over 70 years of combined experience in media, data and market research businesses including acquiring, integrating, and scaling top research and intelligence companies.
"We are thrilled to announce our partnership with Energy Rev both from a growth and expansion perspective, and a strategic one. Peter Kneller has built a robust business as an ahead-of-the-curve resource in the European renewables space," said Ken Meehan, founder and CEO of NPM. "As NPM continues to lead in the renewable energy market research space, we will have quite a bit to roll out in 2024. European markets and partnering with Peter's team are significant pieces of that puzzle and we can't wait to get going together."
NPM plans to expand its European content and commercial teams and integrate market data and research solutions specific to European clients, affording them access to new products that drive additional efficiencies and business development value.
"Our acquisition of Energy Rev and expansion into the European market marks a significant opportunity for our customers and prospective customers. NPM has clients working across Europe, and similarly, many Energy Rev clients are interested in US opportunities so this promises to be a win-win for everyone," said NPM Chief Commercial Officer, Brett Birman. "Bringing Energy Rev in under the NPM umbrella marks a pivotal moment in the growth and sustainability of our business."
Energy Rev founder & editor Peter Kneller has nearly fifteen years' experience covering European renewable energy financing and M&A. Co-editor Jon McNair has worked alongside Kneller for the past eight years with the duo sourcing and reporting solar, wind, storage & energy transition news across the UK, Spain, Italy, France, Germany and other European countries.
"We found the right partner at the right time to further build on the actionable intelligence we're providing to our client base," said Energy Rev Founder, Peter Kneller. "I've seen data and intel companies come and go, but NPM's entrepreneurial spirit and client-centered focus are unmatched in the space. We are excited to continue building out European market solutions for our loyal clients and to provide them with exposure to best-in-class U.S. renewables data, market research and events to inform their businesses in broader and more meaningful ways."
Fox Williams advised on the transaction, which officially closed on December 22, 2023. Terms of the acquisition were not disclosed.
About New Project Media
New Project Media (NPM) is leading market data, intelligence & events company serving developers, capital providers, advisors and corporates with exclusive coverage of utility-scale, distributed generation, and energy transition markets. NPM provides full lifecycle coverage and a unique view of the pre-NTP, development and interconnection queue landscape, helping clients identify new business development opportunities earlier and gain a competitive advantage, while also providing significant time savings & efficiencies through its market data. NPM also hosts industry events each year and produces industry podcasts.
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Products
PR Newswire | January 05, 2024
Digital Power Optimization, Inc. ("DPO") a developer and operator of green data centers announced the binding execution of a power purchase agreement with a major, multinational producer of renewable energy (the "Seller"). The Seller owns a number of large renewable power assets, including multiple 150MW+ wind farms in Texas. Under the new power purchase agreement, DPO and the Seller expect data center deployments to reach 100MW in total size and extend across as many as six of the Seller's Texas wind assets.
Unlike most traditional computing facilities procuring clean power through virtual PPAs or offsets, DPO's data centers will draw power behind the meter, directly from the renewable wind generation facilities. Funding for the first phase buildout at the initial project site has been secured and data center operations are expected to begin in 2024, with the remaining sites coming online over the following 12-18 months.
DPO's CEO, Andrew Webber, commented, "We're extremely pleased to have this PPA finalized and the project now officially underway. We have been running a pilot on-site for this power producer for over a year now and have developed an outstanding partnership with them. Together, we crafted a custom and innovative PPA structure which creates zero-cost economic upside for the Seller while bringing to life some of the cleanest and most sustainable computing facilities on Earth for DPO's investors and data center tenants."
Since 2020, DPO has worked directly with power producers to utilize power-dense computing functions like Proof-of-Work network security and AI training as a more profitable physical offtake for undervalued power. DPO is the only company in the world to have developed and operated data center projects behind the meter on wind, solar, hydro, and natural gas plants, as well as grid-connected facilities.
About Digital Power Optimization
Digital Power Optimization is a leading developer and operator of green data centers for power-dense computing. DPO partners with utilities and IPPs to locate data center facilities on-site at power generation plants to directly utilize renewable energy for the operation of HPC/AI and Proof-of-Work computing. DPO is privately held.
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Energy
PR Newswire | January 03, 2024
Advanced Power continues to show its commitment to advancing a sustainable energy future through its purchase of renewable energy investment tax credits (ITC). The credits were made available through the development of rooftop solar facilities offered for sale by a third party.
"Advancing a sustainable energy future drives our actions," said Advanced Power's CEO Tom Spang. "We are pleased to close this latest transaction, which supports our vision of a clean, reliable energy future."
The 2022 Inflation Reduction Act (IRA) made the transfer of renewable energy tax credits possible. The IRA aims to accelerate the transition to a clean energy economy and drive increased deployment of new, clean electricity resources. Section 6418 of the Internal Revenue Code allows for the transfer (sale) of certain renewable energy tax credits from renewable energy project developers to a qualified third party.
"Advanced Power is a developer, owner, and asset manager of modern power infrastructure and has now made a tax equity investment and completed a tax credit transfer transaction. We are positioned to execute similar transactions soon," added Spang.
Reunion, a technology-enabled finance company that helps guide corporate tax teams through the clean energy tax credit transaction process, originated the opportunity for Advanced Power and facilitated the transaction between the parties.
Advanced Power Focusing on Further U.S. Renewables Development
Advanced Power manages all aspects of an energy project's life cycle, including development, construction, financial structuring, and operations. A robust renewables pipeline across Desert Southwest, ERCOT, PJM, and MISO is underway. Late-stage projects in the pipeline include:
Eldora Energy – 240 MWdc solar with an additional 200MW/400MWh battery storage facility
Alina Energy – 220 MWdc solar with an additional 200MW/400MWh battery storage facility
Elio Energy – 300MW/600MWh battery storage facility
Rock Rose Energy – 200MW/400MWh battery storage facility
About Advanced Power
Advanced Power is a privately owned global developer, manager, and owner of modern power infrastructure. The company develops low-carbon and renewable electric generating projects as an independent power producer. Advanced Power's successes include 11 gigawatts in development or operations in the United States and Europe. The company has offices in Boston and Houston, with a registered office in Zug, Switzerland.
Founded in 2000, Advanced Power is focused on advancing a sustainable energy future, bringing reliable energy to places that need it, and providing economic benefits plus jobs to communities while making massive contributions to reducing CO2 emissions.
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Energy
PR Newswire | January 15, 2024
Eletopia, a leading provider of smart energy storage solutions, is transforming the energy storage market with innovative technology. Integrating advanced battery management, energy conversion, and intelligent energy operation, Eletopia offers comprehensive solutions, redefining home energy management.
In an era prioritizing energy reliability and sustainability, Eletopia's whole-house backup power solution will impact the power plans for U.S. homeowners. Providing security during outages, the H2 series Hybrid Inverter efficiently convert solar energy during low consumption periods. Through the B2 series High Voltage Battery and the mobile storage unit S36 series Portable Power Station, they stored electricity ensures uninterrupted power for essential household appliances, electronics, and systems. Eletopia's Smart Backup Unit (SBU) seamlessly switches between solar, grid, and generator power sources, ensuring continuous functionality. Eletopia's solution guarantees reliable backup power, keeping households operational.
At the core of Eletopia's offering is the All-in-one Smart Energy Management System (EMS), empowering homeowners with complete control of their energy usage. Offering features like power station monitoring, AI diagnostics, AI Saving, and more, this system provides efficient energy management for every home.
Eletopia prioritizes safety, efficiency, and profitability. Their solutions integrate power generation, energy storage, consumption, and operational services, amplifying the value of energy storage. Leveraging advanced battery management, energy conversion, and smart storage technology, Eletopia enables homeowners to optimize resources for a greener, sustainable future.
Eletopia credits its success to a diverse team of American and global experts in the energy sector. From battery technologists to marketing specialists, their collective expertise ensures cutting-edge solutions tailored for American homeowners.
Beyond innovation, Eletopia focuses on customer-centricity. Collaborating closely with clients, they address specific requirements, ensuring project success and seamless operation. This commitment, coupled with exceptional service, has established Eletopia as a trusted industry partner.
About Eletopia:
Eletopia specializes in comprehensive, smart energy storage solutions merging power generation, energy storage, consumption, and operational services. Our suite of cutting-edge technologies—advanced battery management, energy conversion, equipment integration, smart storage management, and operational expertise—aims to increase the value of energy storage. Committed to becoming a global leader, we serve partners and end-users seeking professional, innovative brands in smart energy management.
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